The Single Resolution Board (SRB) announced on Monday 31 March the appointment of Miguel Carcaño Saenz De Cenzano as vice-chair, and Slavka Eley and Radek Urban as members of the board. All three will take up their positions on 1 April 2025, following a validation process that has resulted in two approvals: by the European Parliament on 11 March, then by the Council of the European Union today.

“Our new vice-chair and board members will bring fresh perspectives and I am confident that the SRB will benefit from their expertise--especially in these uncertain times,” said SRB chair Dominique Laboureix, welcoming the appointments. “I would also like to thank the outgoing vice-chair Jan Reinder De Carpentier and board members Pedro Machado and Jesús Saurina for all their work and achievements over the past five years.”

Carcaño Saenz De Cenzano was previously the head of the Single Resolution Fund Unit at the SRB, and was responsible for building up the fund as an important tool for financial stability. An economist by training and a graduate of Madrid's Complutense University and Icade Business School, he joined the SRB in 2015 after a spell as head of treasury at the FROB, the Spanish National Resolution Authority. “I am delighted to become vice-chair of the SRB,” he commented adding that he would “relish this new challenge and [his] new responsibilities.”

Eley spent more than ten years at the National Bank of Slovakia before joining the European Banking Authority in 2013. There she led the Supervisory Convergence Unit, then the Banking Markets, Innovation and Products Unit starting from  2018, with a particular focus on digital and sustainable finance. More recently, she held a position at the European Labour Authority where she headed the Governance and Coordination Unit.

Urban joins the SRB after holding the position of executive director of markets and resolution at the Czech National Bank, where his responsibilities included setting up the Resolution Directorate and the Financial Markets Guarantee Scheme. A graduate of the Prague School of Economics and former deputy minister of finance, he also has extensive experience of financial markets, having worked for a major European bank.

The Single Resolution Board is the European authority responsible for managing the orderly failure of troubled banks in the eurozone. The institution aims to protect financial stability whilst minimising the consequences for the real economy and public finances of participating EU countries and others.

This article was originally published in .